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Re: How does the system determine a payment medium format?

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Hi Peter,

 

Can you illustrate why there's a requirement to maintain 2 'competing' XMl formats for a house-bank account for domestic or EU-transfers. Both payment medium formats differer in their respective XML versions.

 

ISO20022 Payment Format:           iso:20022:tech:xsd:pain.001.001.03

SEPA Credit Transfer:                    iso:20022:tech:xsd:pain.001.002.03

 

Which format is expected also depends on localization-specific requirements. According to our information for Germany for example, the standard is "iso:20022:tech:xsd:pain.001.002.03".

Would it be an option to opt for a single SEPA format here - which would facilitate an unambiguous payment-format selection?

 

Best regards,

 

Frank


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